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20130113
20130121
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is facing is the looming debt ceiling and paul krugman has been advocating the secure provision to mint an trillion-dollar platinum coin. the administration says that is not going to happen. the president is looking not to negotiate on the debt ceiling. >> the only option is for the congress to pass. no substitute for congressional action, but you see the republicans in the house are saying we're only going to increase the debt limit if the debt limit is met dollar or dollar for spending cuts. that is a recipe for stalemate. there doesn't appear to be a way around it and there's more stalemate. >> george stephanopoulos, thanks for your reporting. george, by the way, has a packed show with two powerhouse roundtables, "this week" coming up later right here on abc. george, thanks again. >>> meantime, the golden globes are tonight and awards have been historically been considered a good indicator for the oscars, but a controversy is brewing over one of the top contenders for best film, "zero dark thirty." its director was already snubbed by the academy and some legendary actors are telling
take the debt ceiling off the table. but if not mint the darn coin." 24 hours later, the treasury department said no way. it's not going to happen and closed the doors. make the case for why you were for it. >> the thing you have to understand, the debt ceiling is a fundamentally stupid and -- but dangerous thing. we have congress that tells the president how much he must spend, tells him how much he's allowed to collect in taxes. he says okay there's a difference there. i've got to borrow it. no, you can't borrow it. so the whole debt ceiling thing itself is a crazy thing and forces the president to do something illegal. either to defy congress on what it told him to spend or defy them on borrowing and told him not to and have the weird loophole which everyone agrees is crazy. but is a loophole that says that the secretary of the treasury can mint a coin for any amount which is supposed to be for commemorative pieces but does avoid -- does offer a way to bypass this and all that's really doing is the way to bypass the debt ceiling. it isn't even printing money but saying, hey, we
Search Results 0 to 1 of about 2